Azerbaijani bank plans to sign second loan agreement with ICD in 2012

Azerbaijani TuranBank prepares to sign an agreement for the provision of the second credit line of Islamic Finance – “Ijara” (lease) in the amount of $3.5 million with the Islamic Corporation for Development of the Private Sector (ICD is part of the Islamic Development Bank).
“The signing of the agreement is expected within the next two weeks,” the bank noted. The first loan in the amount of $3 million, granted in the beginning of this year, has been completely mastered. In June this year the bank held a meeting with representatives of the ICD and plans to sign an agreement in the frame of the second line………………………………………..Full Article: Source